Why Hot IPO Global-E Gained 15% in November

Shares of cross-border e-commerce company Global-E Online (NASDAQ: GLBE) gained 15% in November, according to data provided by S&P Global Market Intelligence. The company posted a solid third-quarter earnings report in November. However, it's erased all of those gains already in December.

Global-E markets cross-border shopping and payment solutions for e-commerce companies. These include features such as shopping in local currencies and instant shipping and customs calculations. Its client list includes top-tier names like Hugo Boss and LVMH, and it's demonstrating solid growth. 

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Source Fool.com